Would you considerinvesting in a privately held company whose financial records had not been reviewedby an external auditor? Why or why not?

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter1: Comprehensive Cases
Section1.10: Dhb Industries, Inc.
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Would you consider
investing in a privately held company whose financial records had not been reviewed
by an external auditor? Why or why not?

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